What you need to know about Single Touch Payroll reporting as an Employer.
Employers with 20 or more employees.
Single Touch Payroll started from 1 July 2018 for employers with 20 or more employees. You should either be already reporting using STP or have a deferral in place (a later start date).
Employers with 5 to 19 employees (Small Employers).
The parliament has passed legislation to extend STP to include all employers from 1 July 2019.
This will be a gradual start, and not all employers will start reporting at the same time. The ATO has published a list of STP enabled solutions here.
Employers with 1 to 4 employees (Micro Employers).
If you have four or less employees (micro employer) and you don't currently use payroll software, there will be other ways to report STP information.
The no-cost or low-cost solutions have been developed for micro employers (those with one to four employees) who need to report through STP but do not currently have STP ready software. These solutions may include mobile apps, simple reporting solutions and portals. Find a product suitable for your needs by checking the STP No-cost and low-cost register now!
You also have the option for your registered tax or BAS agent to report your STP information quarterly, rather than each time you run payroll. This option will be available until 30 June 2021.